Yo-yo, yo-yo, yo, what up? What up?
Good morning. Good morning, GMG baby.
Oh. Baby Monday, January 20th, 2025
It's a beautiful day to have a beautiful day.
I got my coats in the house, Mango.
Good morning boys. How you doing today?
Fantastic. What a fucking weekend.
Honestly man. Like Friday night at 3:00 AM
that coin comes. I said to my wife.
I was like, Oh my God, he's just fucked up.
Every single person in Kryptos weekend.
Like every single person in crypto was like going nuts on
Friday, nuts on nuts on Saturday when I woke up.
And then Sunday, the Melania coin, I was out for dinner.
I was like, you know, finally over.
I'd had a good weekend in the end.
And then Melania dropped a coin and I come back, my phone was at
a battery. I was just at some Japanese
restaurant, came back, all my coins down 40%.
I was just like, what has possibly happened?
Like. Yeah, AI and me just got
destroyed by by the Trump family.
Had a threesome with Melania and Trump this weekend but I got
fucked by Burger. That's a banger, by the way.
You should probably post that one.
I love that Tyler. Tyler.
Dude, this is like, well, first of all, happy Emma K Day.
Yeah, I know it's a it's a holiday in the USA, markets are
closed, etcetera, etcetera. Happy Trump Inauguration Day.
You got your Bitcoin night on. I love that.
Tyler, how you feeling today? What a fucking weekend.
Like Amanda nailed it. I think anyone who was in the
trenches, excuse me, aged about a year, maybe a couple years
this weekend, you. Did.
Bitcoin all time highs this morning.
Today is a big, big day. They we hit all time high this
morning. Oh my God.
Oh yeah, I was asleep still down.
Let's go, let's go. Mandel quote of the day.
I swear to God had a threesome with the Trump's, but I got
fucked up. That's a banger.
I mean very few people can say that that a threesome with the
Trump's Mandel. So except for like every single
crypto Twitter participant anyways.
Anyways, anyways, so damn the show.
Listen, the other show, I think it's quite obvious, right?
We're going to do the market, we're going to do the Tyler's.
But you know, we're we're pretty much just going to talk about
Donald Trump, Melania Trump, Baron Trump, the inauguration,
Bitcoin reserve, Solana reserves.
What's the third token? Oh, Ethereum.
Yeah, ETH reserve. ETH reserves, XRP reserves, I
mean, we'll talk about fourth core, we'll talk about
everything today. So we got, we record the
programming for you guys today on this, on this national
hallway in the, in the US of AI mean the inauguration state.
So Tyler, actually, I hope you got the schedule on top in front
of you because I, I'm curious how this whole thing runs today
when the executive orders are this and that.
I'm very curious to see the programming for today in
America. But before we get going, this
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Boy, oh boy. For a second when they said that
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Mendo Mendo Mendo Mendo Mendo. Let's see what you got today.
Yeah. So I'll just focus on the majors
for now. So obviously Bitcoin all time
high today, 60% chance of a of a reserve on polymarket at the
moment in the 1st 100 days. So big, big increase in those
odds. Bitcoin mooned having touched 99
K yesterday, liquidated nearly a billion or just over a billion
dollars worth of pups just before it hit all time high.
Kind of classic that really Solana also all time high.
I don't want to kind of go into what Tyler's saying, but yeah,
that was all to do with what's happened with the Trump's this
weekend. You have all time highs for DEX
volume. You have all time highs for
fees, all times highs for TBL. Just insane amounts of activity
going on, on Solana right now. I think, I mean, I was very
bullish on Solana before over the last few weeks saying, look,
I thought it was undervalued, but it was completely mispriced.
And then within the space of two days it hit all time high.
I honestly, I think this can keep going like, yeah, hit all
time high. The underperformance is now
over. You do the unlocks will
probably, you know, there'll be some fun around them again now.
But it's like with what I think we could see here, I think Salon
can can can easily go up to to to 500 here.
So in the in the short term that is I think people are getting
super bullish on it for the medium, medium term here.
EI think is down 4% over the weekend.
E BTC hit the lowest level in four years over the over the
weekend. Again, obviously missing out on
a lot of the firstly, the dex activity and then secondly, and
the fact that it was done on Solana versus eve, I think was
seen as kind of slightly negating the world liberty
financial actions, although there was some light stuff going
on there and some of the headlines or rumours we may be
seeing are around that they've obviously world liberty
financial, which is the the NTC tide to the Trump's.
In particular, Eric Trump is has been buying ETH and is claiming
some big stuff coming today. Trump is saying he's going to do
200 executive orders today on day 1-2 hundred.
So we could see a crazy amount of stuff this this is going to
range over a ton of different ton of different things.
But it feels like it could be could be crypto.
We could get stuff around US, protection as as as Tyler said,
a lot more talk around the idea for tax breaks for some of these
companies and or maybe even zero capital gains, although I doubt
you'll get zero capital gains, but who knows You Yeah, look at
that. What a breakout.
Like we drew this line on the show on Friday, I think morning.
And then it just. Yeah, and retested it last
night. Everybody got shaken and then
just back to All Time High this morning.
All Trump high and then we get a.
High Wait, who came you came up with this?
No, no, no, that was a meme. That meme for one day all Trump
high. All Trump high is great Ath all
Trump high. I hope you he's you're bangers
today man. Though jeez, you're here.
You should tweak those. Yeah, maybe.
Maybe I should. Maybe I should get some yap
points? Yes, you should.
And to say what else is macro, it's it's AUS holiday today, so
everyone's at home to trade. This made front page news.
Some of the the the Trump stuff, you know, like CNBC front of the
FT front of even BBC News like this was huge news.
I think you're about to see just insane amounts of activity.
I've been pretty vocal on the timeline that I think what we
saw was like APVP of of everything else, like Trump is
now like the biggest coin on Solana basically.
Or I mean, it's FT VS 50 billion.
Let's go there. Let's just go there because I
know you and Tyler are going to talk about this.
Go. And then we can have a broader,
broader conversation about it. Ah.
Fuck, there we go. Where?
I just brought GSC it there it is.
No, no, I think Tyler should do his top 1000.
He doesn't have it today. All night.
We're not doing the thousands, but.
No, 1000 there was, really. One story and and it had several
parts. Take us top.
Down you won't listen to this Tyler.
Take us top down from how the weekend played out from Friday.
So Friday night, I think it was like 8:00 PM Central, so 9:00 PM
Eastern. Get the ping in the chat.
Trump coin. It was 700 million market cap
when I saw it, so $0.70. That was the first time it
starts going up. Disclosure.
I, I buy a little and then if you're following it live, that
30 to 45 minute window, it was very shaky if it was real or
not. So at one point the deck
Screener page updated, it said it said E cash and there was fun
like all over Twitter. It dumped like 60%.
So I actually, I bought and I sold the first dump and then it
started going back up again and then it was 2 and then it was 3
and then it was full. And then so, so the true social
page was the first page to to share.
Then the Trump official Twitter retweeted it and then folks
started seeing the website. The website has that the
tokenomics and effectively, if you're watching it live, the
longer that the, the, the tweet was up, that seems like signal
that it was likely legitimate. And then I think like 30 minutes
later, people started kind of analyzing the website and they
tied it back to some of the, you know, similar potential team
that was tied to the NTS. So about 90 minutes in, it
seemed like it was legit. At that point in time, it was
probably already 4 to $5. Like anyone who was around that
night had a chance to buy it at $6.
I think I I understand like if you didn't get it at six or
less, but there was a definitely a window where you could have
bought it around 6 bucks if you were online and paying
attention. Yeah, so.
I say until about midnight or so.
It just seems like as time progresses, it seems more and
more like this is legitimate. I think go to bed.
We wake up the next morning and it's what, like 1520?
And then I forget how high it went the first day.
It starts kind of falling. We, we go to bed what Saturday
night and it was like, I think consolidating like 2025.
My range of outcomes was anywhere from 40 to 15.
Waking up Sunday morning, we wake up by Nance News and it's
70. And it's just total, total
gangbuster euphoria for anyone who had bought the token and
held it. Nuts.
That long? Nuts.
So we're, we're feeling great. It starts to pull back on Sunday
like normal dips, right? People are up literally 10s of
1,000,000 on the token at this point.
We start grinding back up. It's back at 75 and all the all
the Trump chats are like, OK, this is where we're going to
move to 100 here Sunday afternoon.
And then the second token drops. So Melania comes out and pretty
much like instant verification that this one is real.
I don't think people really hesitated to think that this one
was fake. And you see the, the Melania
candle, it went from Trump goes from 75 to 30.
I know 30 because I, I, I'm in chats with the folks who, who,
who, who got themselves at that 30.
I actually sadly sold a small Trump 30 to myself.
And then it started rebounding from there.
Meanwhile, Solana starts breaking a little bit.
So Solana held up incredibly well during the Trump token
launch. The Melania Candle and Solana's
crazy. Trump plus Melania overloaded
it. It was very hard to buy the
Melania token. It was very hard to sell the
Trump token. Most people were just kind of
locked. It was just basically that
gridlock on Solana for a solid hour or so, I'd say.
Meanwhile, Melania just marches up.
Like I think if you were, if you caught Melania, I think there
you had a legit chance to buy Melania around one or two if you
were online when it happened. Oh yeah, yeah, I was trying like
crazy. Just couldn't.
But actually no you couldn't bro.
It was like it was I don't know how you got your through but
like at a dollar $2.00 and and that would have been an insane
trade. But I was firing dude.
I was firing just firing 5000 K clips.
It kept coming back failed, failed.
I have like 20 failure clips Veladia between 1:00 to 3:00.
I tried so hard. That was 55.
This is funny. Nothing worked.
After about an hour or so, we it starts working again.
Well, it continues to grind up. Trump seems to have found a
bottom at like 40 upper 30s. And then it basically grinds up.
We get the Robin Hood listing overnight.
It jumps to 60 pulls back this morning and then kind of
hovering around 50 here this morning.
But that's what happened with the price action, what it did.
Is it not just a firestorm of discussion debate, You know, did
this delegitimize the entire crypto sector once again?
We have a Sunday where, I mean, half the time I felt like they
were calling top last night, like people were like sell
everything. Yeah, it's Max short crypto is
over. And literally 2 weeks in a row
we've we've had that sentiment before the Monday candles.
So it's it's a longer discussion.
There's certainly a lot to unpack from the from.
The not to unpack. Let me tell you something.
Speaking of unpacking, the guy who bought $1,000,000 worth just
finished selling on Robin Hood this morning for $300 million.
Oh my gosh. So this guy bought $1,000,000
worth at launch at 18 cents and he's walking away making $300
million. You basically like that's an
insider, right? Like if we fired.
Right, Yeah, it's got it. I mean, I'm assuming.
I don't want to like call it insider or accuse anyone, but
like that was really like we got it at 700 mil.
That's when I first like heard one of it like you like it was
like 7 because I think it was, it might have been you dude.
It's it was so everything was so fast.
It could have been, you could have been Amanda.
I I forget it was one of you guys just saw it.
My ass was sitting at the Ritz having espresso martini when
this came out. One day I come out of my house.
I don't leave my house. You know me, you know, I don't
leave the house and this happens.
And then I hesitated, didn't go home, didn't go home, didn't go
home. I caught obviously a really,
really big trade after that on the Saturday night to Sunday
morning. So the top, but that was that
was nuts. I mean, what happens now, guys?
There's a lot of variance in in potential outcomes here and I've
seen a lot of ticks. I mean, if we start with the
Trump token specifically. And So what happens up to Trump
token? And then let's discuss because I
know Mando and I, you know, were just talking about this like AI
and then I'm like, let's start with the Trump token.
I'm curious your thoughts, both of you.
Then let's discuss the rest of the market because it has a lot
of repercussions on the market. Sure, I'm still bullish.
The Trump token disclosure, I've sold about 50% of what I bought
Friday night. I'm still holding 50%.
I I think there's a very, there's a real scenario where
this still becomes the number one meme coin.
I think crypto Twitter is largely overreacting to the
Melania token drop. I don't think the retail buyers,
there are 850,000 owners of the Trump token.
Like let's talk about that for a second.
There's 850,000 owners. It's 2 1/2 days old so retail
like clearly came in to buy the Trump.
I think moon shot said they on boarded like 400,000 wallets or
something. I was talking to Keith Grossman
earlier and he's going to inauguration today with Ivan,
the founder of Moon Pay, and he said that they only slept 2
hours over the weekend to make sure that even Moon Pay could
stay up during the Trump launch. Sorry Keith, if I'm doc, So what
you told me, but it's kind of like crazy news, right?
And he's in Washington for the whole thing.
Crazy to think, but when you think about that's how much
volume there was. They had to stay up to make sure
moon pay was stay up and moon pay is very solid.
Yeah, I mean, kudos to them for doing that.
And they're a huge part of it. Like I've got so many teams,
like literally worked the whole weekend to make this like
possible, like Jupiter. And I forgot part of the story
was Jupiter basically endorsed the token Saturday mornings.
That's when we really knew it was official when they did that.
But so like we have retail here for the first time, like half of
CT rhetoric for the last cycle, it's been like retail's never
coming back. Retail came back and they bought
the Trump token. And I think the bull case is if
Trump talks about his token at all over the next few weeks,
months, that's a pretty strong bull case.
I think there's a chance he talks about it today.
We we have. So I guess the tokenomics are
part of it. Only 20% circulating, 80% locked
up. The unlocks start linearly in
three months. That still feels like an
eternity away. So it's, this is our supply for
the next three months. Then you can address the unlocks
when they come. There's a lot of things they can
potentially do with it. A lot of ways they can
potentially endorse it. The bear case is if they, if
they launch, if there's a new Trump family token launched
every day, that's probably going to hurt the Trump token because
I think people will just sell and chase the new one.
And maybe, maybe eventually when the new ones are less
profitable, maybe they rotate back to the top one.
I I don't know, there's a lot of ways it could put.
Out Mando what? Do you?
What do you, what do you think? What do you think?
I think it's the Trump token now.
Like it's sitting at what, 51 billion?
Fifty bill. Yeah, Trump, I think is going
higher. I I don't see a world where it
doesn't go higher. I do think that makes Salon look
unbelievably cheap. I agree.
Like if. I mean 100 and half of Solana.
Yeah, if this gets to 100, then Salon is going to look
ridiculous. But that that like actually says
quite a lot, right? It's almost too big for Solana.
What we've seen is just like every other soul bag, just
completely naked because it's just too big for Solana.
So what we are hopefully now going to see is a huge amount of
TV. I'll come on Solana.
A huge amount of trade is going to come on Solana.
And but I think what the market is has been realizing maybe
after Trump, there was like a, you know, the AI coins rebounded
pretty well and some memes. Did you know, it was like, oh,
we're going to have to see rotation.
And just before Melania came out, I was like we started to
see a rotation. You know, like chill guy did
like a 40% candle. MU Dang did a huge candle.
Goat did a huge candle. All the bags which were like
down. You start to see rotation for
right. Then I went out for dinner and
then Melania comes, does her coin.
And everyone suddenly realizes that every single time one of
these coins comes out, we're just going to nuke the coins 30%
because it's there's just not enough liquidity.
So the. Allen's volume on Seoul.
I I came away from it being like, and this is a thought I
was having late last week. Even with the even the AI stuff
is that, you know, maybe Seoul D5 was the was the trade was
more interesting here and that's that's why I started to look at
it a little bit more just because I thought I just think
that people are I'm scared to own a Solana point in big size
like I have to have fiction right now because.
It's like I owned. Ark right?
And ark is I feel like one of my best trades.
It dropped to 45% because Melania dropped a token.
Like what? What the fuck does that mean?
You never know when the Lex coins going to go.
It's like land mines like Baron Trump may have a coin in the
next 24 hours. Yeah.
Elon. I owned it through the Trump and
I was like, Oh, this is really bullish because Trump's just
said and then, but when it dropped on the on the Melania
stuff, I was like, you know, that's that's a bit of a game
changer. Like so when Elon drops a coin
or, or, or is everything just going to nuke 50% again?
When like this is going to be open season, right?
Cuba just launched a fucking COIN this morning.
The country of Cuba. So was that a?
Hack. Was that real?
Didn't didn't that? Didn't that rug as well it?
Was a hack, yeah. It seems like it would.
Is that the I don't know. I don't want to share the wrong
shit on on camera but that look, it did look cute.
Did Che Guevara die for this? Honestly, Canada should drop a
coin at this stage. That's the only thing I can save
us. If I become the 51st governor of
the the governor, first governor of 51st state of the United
States of America, I will drop a token and I will flip the market
cap of Canada, which was $2.4 trillion right now.
Obie, there he is. There's the man.
Oh, he did. What's your take on all this
shit? I know you're deep in the
trenches right now. Like what?
We're just talking about Trump, etcetera, and what we think
happens now. Like what?
What now? I can't.
I'm just. I can't believe I saw the Trump
coin. And I was like, Nah, it's fake.
It's opposed to some truth. And I just went to bed.
It's just one of those moments. It's kind of like when I'm into
Bored Apes. I could have just gone to gone
to bed, but I just decided to stay up for 10 more minutes.
It was one of those moments where I was like just for for
like 20 seconds differential like because none of my chats
were talking about it then. So that's how early it was.
I could have, you know, obviously, and I had like some
money and stables with me as well.
So I'd like have the liquidities to go big in it.
But whatever it is what it is. I think now my take on it now is
that I think it seems like Melania is run by a different
team. I read some threads saying like
they have completely different agencies that they work with and
the Trump, the Melania NFTS were launched by someone else other
than Trump, a different team to the Trump NFTS and all that kind
of stuff. So I think it should be viewed
as separate. And I think the Melania Trump
differential, the spread is like too narrow right now, like a
thing. Why?
Why is this your take of the whole fucking weekend?
Melania. Versus Trump differential trade
is. I just look, I think.
Sex is to say. I think at the end of the day,
right, who cares about Melania like Trump is going to be.
I'm serious, Trump is. He was not even in any of the
election campaign at. All.
Trump is going to be like. Hey.
Would you fade this? Yes.
Melania is going to 0, right? No doubt, I actually agree with
that thing. Hey, take to where Melania is.
Man always got a point dude. So I think I think you have to,
you know, when it was at about 25, I was like, should I buy it?
And I thought no, like it's you know, it's gone too high, you
know, fully mid curbing it. I think you just have to like
forget about the market cap, forget about the number and just
realise that this thing is going to be like the number one
mindshare thing. Like it's going to dominate
everything. Like, you know, I was super
bullish on AI and I still am. I think profits from this will
rotate back into AI, but this came completely left field and
no one saw it really saw it coming.
And you just can't really ignore it.
We're only like two or three days into this now, right?
And today's the inauguration. And then God knows what the fuck
shit he's going to be saying on like, I think people forget how
crazy he was when he was tweeting like back in 2016 to
2020. Like I was at Barclays and I'd
be sitting at my desk with like Twitter watching Trump tweets
because it would move like the markets that I was trading,
which was like a liquid high yield credit, right?
So now think about there being a meme coin.
And he's just going to be, you know, saying random shit all
day. Like it's hard to see any other
token that's going to have any, any other thing asset that's
going to have as much more interest in this.
And this is not just like crypto.
This is going to be across like everything, everything and
everyone is going to be talking about it.
So I'm kind of for me, I'm looking at the circulating
market cap number a bit more rather than the fully divested
fully diluted number. So what is it now like around
ten billion, 11 billion like? Yeah.
So before things best and before they announce if there's going
to be an air drop to NFTS or anything like that, I think
we're going to have a period of like just trading the
circulating number. And that's the number that I
think could potentially like I don't know, it could 3 to 5X
here like it's not, it's obviously not as.
Flip Solana. Look, yeah, I think it could, I
think, but that's that's remember that that's FTV, that's
not, I'm talking about the circulating number here.
FTV could, but it's 85% locked, right?
Like you just you can't really. It's not an FTV coin right now.
It will be at one point, but it's not right now.
I think so. So quickly, because man, I know
you got to go in 5 minutes and I I want to hear Tyler and of his
thoughts on that because you guys have been deep in the AI
trade. What does that mean for for for
this narrative now, Mendo, because I see TGI see Frank, you
3 every M effort as big in the AI trade now all in this Trump
stuff. You know what what's what's
what's next for those AI bags? No Mando, you know we're talking
about this pre show. It means I sold all my utility
AI coins at full ported radium. Yeah, I went big into into
radium this morning. I've seen some candles.
Mando candles on radium this morning went insane.
I looked at them. What happened in real time?
I just, I, I find it really difficult to hold stuff.
And let me just pitch you radium for a minute.
OK? Because it's important to know
why I'm saying this. Yeah.
Radium is a Defy coin. OK, Everyone hates Defy coins.
The mid curve, whatever the reason why they were often make
of to a certain extent was because they were always these
like weird governance coins that no one had any value over.
We saw with hyper liquid recently is that these sort of
buyback coins where it's like you're going to make the money
the protocol they can they can actually have an OK narrative
right. You own the casino radium has
done that so 12% of all the fees they make go back to the go back
to directly buy backing radium and you can see their wallet
like you can bring up that wallet.
I think I. Tweeted that you said that to
me. I'm looking for right now, yeah.
You can open up any day and they are just swapping right now.
Trump foray all day. All day now.
This trades at $2 billion FTV for comparison.
Sorry, three and a half million dollars FTV. 2 billion current
market cap. For comparison.
Jupiter trades at 11. Hyper Liquid trades at 2223.
Radium is making the most fees in crypto by a mile right?
It's actually nearly making as much as Tether some days.
Now why do we're always like Oh well we always trade on Jupiter?
You may not know this but like Jupiter is not a dex, it is an
aggregator. So when you go onto Jupiter,
Jupiter charges 0 fees. So This is why Jupiter never
comes up on any of the fees stuff.
It charges for perps. Which is why I own JLJLP Right?
Because the fees from Jupiter perps go into JLP, but for spot
trading, they charge you no fees.
They only charged them for I think DCA trades and I think
maybe some limit orders. But the vast majority of fees on
Jupiter, they go to radium 50% or I think it's nearly 60% of
all the trades that that you think you're doing on Jupiter
goes to radium. And that's where the fees go.
Remember, radium is, is directly plugged into pump fun.
So any coin that's released on pump fun goes directly into
radium. So it has this like ingrained
place in Solana. Defy has the highest TBL,
highest highest volume as well. And it trades at 2 billion and
it's buying back million per day at the moment.
So if you think we're going to go through this period of, yeah,
another Trump person's going to release a coin, maybe like Elon
releases a coin. It it put, it made $35 million
in fees yesterday. Tether made $17,1,000,000.
So it made 2X Tether, it made 10 times what hyper liquid made
yesterday and it's done that two days in a row.
So if you think we're going to go through a period here of, of,
of that going higher, I don't know.
I think that thing can, can, can go up a lot.
So that's why I did it. I was like, I don't want to risk
Baron releasing a coin and everything's nuking 50%.
I want to own a bit of the casino and to me raise the raise
a bit of the casino. Strong thesis.
I like it.
So you're concerned about the AI side of things?
I'm not concerned about AI, I'm concerned about Baron Trump
releasing a coin. I like my a coins but if people
are going to nuke arc 40% because Melania dropped a coin
like what the fuck am I meant to do?
Like and this is. A very fair take.
I I would be very worried as well on that.
I mean far coin, everything went down on the trump.
It was like far coin down to like $1.00 when Trump dropped
and then when the second, you know, coin hit, you know, that
also went down kind of it. So it it kind of it kind of
nukes. Absolutely.
I don't know. Do you know Obi?
It's tough it you know, it's tough to be bearish on on
Melania after all these. No, she she looks like a you
look at her pictures like damn bro.
No, I'm not bearish for her. I'm also not bearish in the AI
stuff. I think I feel like the move
might be and you know, obviously it was better better to do this
two days ago than it is to do it now.
But I feel like the move might be to rotate some AI stuff, the
Solana AI stuff. I would say to Trump ride that
Trump move higher and then by, you know, AI stuff that's beaten
down, you know, majorly off the highs because I do think some,
you know, I think it will this will create a lot of liquidity
in capital. And I don't think the AI
narrative is by any means over. I still think it's going to be a
major point of this cycle. But you know, this Trump thing
is going to just dominate everything for a while.
I think so. Yeah, no, definitely.
It's it's pretty well. Tyler, what's your take on this,
on this trade? Because I know you guys have
been deep in this. Yeah, I generally agree.
I think the markets hate uncertainty.
I think there's two big pieces of uncertainty right now.
One is, are there going to be more Trump family coins like
this week, just as the potential that there might be has people
in stables and, and waiting 2 is, are we going to have a
strategic reserve today? And what does that mean for this
AI? Like, is everyone going to sell
their their AI bags to rotate to Bitcoin and any other potential
majors that are included in that?
But those are two major pieces of uncertainty that will be
resolved in the next few days most likely one way or another.
So my take is the AI trade is on pause right now.
And I think we're probably going to see people clip out in the
near future. These teams aren't going away by
any means. Attention is going away 100%.
Like, what's the timeline? It's Trump, Melania, crime
season. That's all anyone's talking
about, right? Like no one's talking about, oh,
this new hot AI dev has a hundred stars on GitHub.
Let's all roll into his coin here today.
Minus wrecked. That's just, you know, drops
dropping some art. I'm just putting it out there,
you know, the eyes dropping art. Trump, Trump.
Wrecked barbell portfolio. That's basically what I have
right now. I love that Obi's all in Trump
and wreck Yeah, but it's all good.
We could talk about this after I actually really like this this
stuff that you just dropped that his AI now launches his own art,
which is super cool. But we have stats on the show
Pop 9 O 59. Did you catch a straight what's
up with you? We ever you know, we had to get
another American on the stage right now.
I mean, what's what's up with that?
What's up, man? Wait, wait.
So what's the question here? Did.
You did you. What's your take on all this
Trump stuff? Did you get into this trade?
Did you get into Melania trade? Like what's?
How has your weekend been with that?
So I had a hockey game that on Friday night came back and it
was like at 9 billion, ten billion.
Everyone was talking about it it already 2X or whatever.
And yeah, I bought some, I bought some.
I mean, I never buy enough to like make a difference for me,
but I buy enough that I'm like, all right, you know, this, this
clearly is the meta right now. And I think it was in this
perfect blend, this perfect situation of like, obviously
this is ridiculous. But who knows, maybe this will
be important to the presidency. And maybe there's something a
little bit more than just kind of trying to monetize his crypto
fans, you know, and then see, I say it kind of just had all the
pieces you need to to moon like crazy.
And it went from 9 billion to 72 billion FTV in the course of 36
hours. And then when he dropped
Melania, I was just shocked. I was like, this, this is just
the most boomer dumb move that I've ever seen.
This is what my dad would do. This is what the other 70 year
olds in my life would do. It's just the dumbest thing I've
ever seen. And it kind of made a mockery of
the whole situation. You know, it's just like it it,
it made it clear that the whole point here was to monetize us
before we started. And, you know, so at that point
I was like, I was like, all right, you know, I think I saw a
little bit of what I had. I want, you know, Tyler, I was
in the chat with Tyler. He's like, gotta buy Melania
here. You know, he's always thinking
about the next move. I'm thinking about like my
analysis. So that's like the difference
between me and. Tyler, you got to put the
analysis aside, guys. You guys are like too
statistical with your tweets. It's not even.
Statistical. It's not even statistical.
It's just almost like, it's just like thinking big picture.
But at the same time, you have, you know, the single most
powerful person who on the entire planet and probably the
most powerful person on this planet has seen for many
decades, you know, just launched me.
And Coin wants the number to go up, You know, is very willing to
break norms in the process. It's it's pretty hard, you know,
it's pretty hard to get too aggressive in betting against
any of this stuff. Yeah, it's pretty.
It's. And you probably want to bet
with it. And then I saw it on Robin Hood
this morning. I like Robin Hood.
So I, it's just the easiest place for me to buy crypto
because do it on my phone. I, I got the money there.
You know, it's, it's easy. It reports taxes from me so I
don't have to worry about. Easy.
Fucking that up. You're quick with that Robin
Hood, guys. Robin Hood's not quick like that
usually. Same for Coinbase that I.
Think this was just a no brainer here.
It's like. They're a little slower usually.
That's when you know, it's like really legit, legit like because
me, for me, I took that train on Saturday night.
Like I went crazy big on on Trump on Saturday night and I
went to sleep just because of that.
Like I saw the Coinbase news and I was like, wait, it's like one
in the morning. Binance and quotas just
announced. Thankfully I was awake and I'm
like, what's going to happen on Sunday morning?
Well, I think with with these exchanges, it's like your word,
A, is this popular and going to do fees?
B, is it going to get us in trouble?
OK. The president's token.
No, it's not going to get you in trouble to list it.
The number one person in the country.
It's it's his name too. It's doing more fees than pretty
much anything in history. So obviously you're just going
to front, you're going to rush that.
Like that's not too surprising. Yeah.
I mean, I had some people saying after Robin Hood that that that
was the final catalyst, but obviously it feels a little
silly when he's about to be present for four years and it's
named after him. So.
But Tyler, I'm curious your thoughts on AI tokens because I
think the thing about AI tokens is that, but the the bull
narrative was always a joke. Like these were just meme coins.
It's like, yes, it's the utility's a joke.
These are clearly attention driven meme coins and the bots
are good at getting attention. And the whole cabal was out, not
the cabal, but everyone was out there talking about like how
great they are. Like that's just like the crypto
pump and it but once that goes away and there's no there there,
it's very, very hard to recover. You know, and right now it's
clear that D Gen. attention is a limited resource.
D Gen. money is a limited resource.
Like yes, more money comes in, but those guys aren't going to
be out there buying AI16Z. Like the people buying the Trump
coin aren't something Oh shit, I love Trump.
But now what I really like is AI16Z like that's not happening.
So all that like all the attention that we had has gone
to this new thing of like politics tokens.
So what brings the attention back?
Like I find like attention and pumps are like are kind of dream
driven. And when that dream goes away,
if there's not like, like what what Amanda was saying about
radium, like real fees and real buybacks that like pump
something which like, what is it that creates the second
mountain? No, I think you're spot on.
Like right before you joined, I basically gave my take that I
think the meta is on pause. Well, let's see.
I mean, I've called, I've said like this is a bubble and I
thought the bubble was going to get bigger, but this is a
potential black, Black Swan. It was lower last Monday though,
right guys? Like it went to 1010 Bill.
It went to 10. I think it's coming back.
You know, it just, it just made too much of an impact to
disappear. And I think there were very few
things that could have stopped this movement.
And one of those few things is Donald Trump launching a fucking
coin. But.
Melania like that? Doesn't I do think I do think
this is going to create a lot of liquidity across crypto and I do
think a lot of people who are big in AI sold by this and a lot
of them will rotate some profits back into AII do think that's
going to happen. So it's just a case of like
timing that move because I think the same people who are pushing
AI will continue to push AI once this, you know, once they've
made money on this Trump thing. But right now it just feels like
the move is people want to full port Trump, make that money and
then put it into other stuff. And I do think we'll, I think AI
will have another resurgence. And it's just a case of, you
know, like you, you know, Trump, the Trump trade from here is
maybe you're looking at like 234X, maybe 10X if you think
you're like absolutely insane. Whereas this AI staff, there's
probably a lot of 50 to 100 XS out there that you can gamble on
smaller size. So I do think capital comes back
here because it's a different risk return profile than than
than Trump is right now. Because for Trump, I think you
have to play it on larger size to, to, to make good money.
Where was I don't think you'll have to, but you can get a lot
of people coming in. So I do think it will come back.
I don't think it's going to disappear.
I think these agents will get better in terms of doing cool
shit. You know, I think we launched
something today that was quite cool and.
I do think it's going to come back.
It's just a case of do you want to gamble by like selling it
now, going to Trump and hoping to buy it back lower or if
everyone's going to do that. We just miss that, miss that
low, I think, but that that a, a agent market cap is going to
north of 100 billion, 100%. There's no doubt in my mind.
It's just a question of when, I think.
Bolds 100 billion you said? Did you guys hear that, that
that's what I, I mean, more, more than in the $4050 range,
like NFTS went. So I like that prediction.
I think it's going to, I totally go with all these takes, by the
way. I he's in my opinion, he's so
right. Like if you like what, what
changed in the conviction level, right?
Like for me, like obviously, like my only coin is in there is
like far coin, whatever. So you can call it AI.
You can not call it AI, but like, it's like, OK, it went
down and I'm like, well, my Commission didn't change.
If I thought it was going to $5 yesterday, I still think it's
going to $5 today. Like I don't care.
So surely your conviction on some of these shouldn't change
if AI like ARC, AISBT, what else is there?
AI16Z Yeah. So I think stats makes a good
point though, like let's be realistic about it.
Like the the numbers are like artificially high, right?
Like there, there's no, there's nothing backing up AI16Z trading
at a $2 billion valuation, right?
So like that you can have conviction in a team and be
bullish on them, but that's also different from where it's been
treated. So like I think, and that's part
of the bear case he's laying out, right?
That basically once the bubble burst, it's hard to get to blow
the bubble back up. What?
Makes you so bullish because this isn't like I haven't seen
anything in this space that is that is that is value creating
other than ability to generate attention ability to generate
attention from that's. Literally it.
So that's. I think, what about these things
that are specifically good at that game?
Well, I, I, I think that's exactly it.
Like for me, it's not really about the tech.
Like I don't think like I wrote a long post about it earlier in
the year and some of this tech is cool it, but you know, these
are guys who are obviously way behind open AI and all these
guys have been pouring billions of dollars into AI for the last
decade, right? It doesn't even scratch the
surface there. However, compared to the AI move
last year when it was not really that tangible, These agents are
tangible. You can like see them, people
have seen what AIHBT is doing. And to your point, it is they're
great at getting attention. And I just think from a top down
view, crypto is all about the intention game.
And right now it's with Trump. So I think you will see like
cooler stuff get launched where you start maybe having some like
actual agents that are like trading and have full autonomy
of their wallets and stuff like that.
Like it's it's pretty cool and I think it will get gone a lot of
attention. I think it will become the next
like casino. Like I think the casino in
20/20/17 it was IC OS 2020 it was D 5/20/21 it was NFT 2024 it
was meme coins. And it felt like for 2025 it was
about to be AI agents under the guise of this tech is really
good. But really it's just like
gambling attention, hyper gambling attention.
And then we just had, you know, a Black Swan with Trump.
But I do think it will go back to that just because the mind
share, you can't really ignore the mindshare numbers prior to
this which was insane. It was like 7075% mindshare and
just AI. It's interesting hearing like
hearing this Trump thing be called a Black Swan because he's
going to be present for the next 4 years.
Like he's going to be present is he's going to be talking about
crypto a lot. Like he's very spontaneous.
You never know what's going to happen.
He's going to be surprising us constantly.
Like this ain't like a one and done type of what the fuck
moment. It is, but I think, you know, by
that argument it's also saying like, OK, it's just going to be
Trump and Trump coin and the rest of crypto is dead, I think.
No, it's not just Trump and Trump coins, but he's going to
be directing our attention in very random places.
Yeah, I think they're like, I, I, I, I'm curious how much he's
actually going to direct towards Trump Coin.
I mean, he launched Ordinals 2 weeks ago and he's not talking
about those like, you know, who know, who knows where the
attention's going to be going. I just think we're going to be
getting whiplashed a lot, you know?
And to me, I saw this weekend, like, everyone's just like, what
can I do to please you? Like, how can I make money off
your power? And he's going to be playing
games with that sentiment, I think, all over the place.
By the way, just one one thing to note on that 100 billion
number, don't forget it doesn't have to come from existing coins
increasing in market cap. It can also come by new coins
entering. Yeah, Batsu.
Batsu Yum's taking the opposite side here.
I I knew, I knew I knew Batsu be here.
I knew it. We.
Should get batsu. You should get Batsu.
Bearish though, like I love batsu but like honestly anyone
who's bearish into today I'm not taking into account their their
takes. Muted and blocked.
But like all of a sudden, mother
fuckers, I was like bearish today, three days ago, people
like just give me executive orders on Bitcoin on the 20th
and yesterday night people like what all of a sudden these
executive orders have been deleted.
Like what they they put into the to the to the machine like
you're done. You know what I mean?
Like, I don't know, I just found that funny in that sense, even
though I the volatility on this market is absolutely insane.
Question for you guys. And I have a another thing to
ask you all is do you guys think because this is the market we
opened this morning, is Donald Trump going to mention that
Trump opened during the inauguration?
20% of myriad users are saying yes.
That's the right, that's the right percent.
I I think I wouldn't. I mean, I think it's like a fun,
like cheeky bet. I'm not putting like real
capital at that. It's because you can.
You can. So you're good.
But I mean, if if he does like the it's kind of 2X right Is?
That right, you know, so that could be interesting.
Also a point in one of our listeners right now, David Sacks
is the AI crypto Caesar. The meta is 100% coming back.
I mean, hey Trump AIOV that could say it's 100 bill.
So is are people here like what was the conclusion are like,
should people be buying Trump right now?
Or, you know, I mean. Like what was the incision?
Here. I think it's going to, I think
it's going to go higher. I mean, it's crazy.
I think you have to just switch off all prices, market cap, how
much has moved, all that stuff and just sort of like close your
eyes and buy like trying to like.
Yeah, we got red beard. We got red beard in the
comments. I love red beard.
This is not bullish, not me in this room.
You guys are not bullish in? That one second Benny, one
second kook. Kook is actively saying that
Baron Coin and Eric Trump Coin are coming today.
So, Benny. Benny, are you talking about the
Trump token in in particular? Oh, he's somewhat the cups in
general. No, I mean not you're not
bullish enough. I don't like because people got
to know what to buy. So if Benny's going to be in
there talking so much shit, we got to hear what?
He's coming, trust me, he's on his way.
Believe that he's got the stream yard link.
This is so crazy guys. I mean, I don't even know what
to make of this. Here's the thing though about
the training. Here's if, if it he and not he
mentions it and it 2X's like that's basically an option
because if he doesn't say anything, it's not like it's
going to tank. I don't think right Like I, I, I
don't think the market's sitting here saying like, oh, he didn't
say anything. Not Trump token tanks.
I agree it does, but. I don't think he mentions it by
the way, I I'm going to take the yes on myriad just because it's
got a good RR, but like he. Didn't even mention.
He didn't even mention crypto in the entire RNC.
He didn't mention crypto basically in any of his
speeches. Talking about Bitcoin yesterday.
And in his press conference, he didn't mention crypto.
Once he talked about Bitcoin yesterday.
Yeah, well, now Bitcoin's getting a bit more.
Holy fuck boy, Benny. Benny, Where's Benny Gone.
I'm here, Benny. Do you see me?
Talk to me. Yeah.
Talk to him, OK? You are all not bullish enough.
The sitting president of the United States of America.
OK, let me explain this to you. He's the most powerful human
being in the world, OK? He launched a meme coin, a shit
coin, a coin that has no intrinsic value.
And it's at 50. What is that, $12 billion or
something? And you're all sitting there
like, well, you know, maybe let's see where the the shorts
take a little charts. There's nothing 100 trillion
dollars, put your fucking nuts on the table.
If you believe in anything, if you believed in crypto, this
see, this wasn't doesn't make any sense.
Literally everything we wanted to happen for so many years, OK,
it's finally happening and everybody's questioning it.
This is the time you put everything in it.
Yeah, we might have some dips, but overall we're going.
This this is the. So what?
What 4 coins are you buying Benny?
You're. Questioning it, It doesn't make
any sense. Give us 4 coins.
Then you're not listening. Buy everything.
No, no, not like one coin. Buy it all.
AI is going to go up. Memes are going to go up.
Defy is going to go up. ICO is going to go up, and it's
honey. One second.
This is important and the PS are going to go up.
OK, This is it. This is, this is I'm trying to
save people. I'm trying to save.
Look at all these people. I'm trying to see they're
selling. They're not buying.
What are you doing? What are you people doing?
Do you understand for the next six months we're about to have
the most massive bull market that you have ever seen?
It's going to melt your face into your nuts and you're
sitting here questioning. Things I I agree with Betty.
What are you questioning? It's a jump to question.
This is we should be bull. We should be bull talking the
whole time. Stop.
Stop worrying your beds are down.
Pick yourself up. Realize that you're going to
have another chance. Just because you maybe didn't
miss you missed one thing doesn't mean you're going to
miss all of it. This idea that you're like, Oh
no, that's it. I'm out.
You're out. You're out at the most important
moment in the history of crypto. I mean, he's going he.
Every single person on this stage, Can you imagine every
person on this stage? Every person on this stage is a
little important. Everyone's fully ported.
No, we're just talking with different tokens.
A lot of. But you're not telling people
you're not. You're not excited enough.
I need. I need.
I need to hear the heart. OK?
You need to feel it. I don't feel it.
You should be longing. That's it.
I sold my house. Yeah.
Where do you live, by the way? Are you?
Are your daughters in the streets?
You good? No, no.
Well, car, you want to say hi? Yeah.
Hi. Hello.
We live in the snow now. We live in the snow.
It's totally fine because one day I'll buy them a house with
all the money I made. OK, That's that's what's going
on. I love that.
My point is this.
You make money, you buy digital art, and you take profits.
We are going to take profits on everybody else who's coming in.
OK? When they announced Trump coin
on Coinbase, you think your favorite racist uncle's not
going to be like, yo, I got to buy that coin, dude, you dump on
him. This is the game.
Crime is legal. We've all been waiting for this
moment. I got to go play with my kids.
Have a good one. There you go, ladies and
gentlemen. That was our resident bullish
homeless red beard on the show. He's been coming on once a week.
Buy anything and everything according to business.
Buy everything that's focus. Not bullish enough I.
Don't know what to say because I, I, I, I I never like it when
people come on and say buy NFTS because most NFTS go down, some
go up. Like these are cop out
statements. You got to tell us what's over
every buy and then we'll hold you to it like.
Everything you know bullsh though.
But. For oak what?
In these bull markets, more shit that goes to 0 is created than
any other market. This is like like you have to
pick. You should even in these
markets, you have to pick the right stuff, you know.
I think my winners, I have my barbell.
That was what? I was trying to get Benji to say
OK. Benny buys no, but Benny Jenny
buys everything. Is yours?
Should we buy chromey squiggles that have gone from 15 to four
in the biggest bull market? Ever.
Is that what he's saying? And he actually buys everything,
Like everything? I think he probably has.
The most, but like I just wanted him to give us 4 tickers, 4
tickers. That was all I wanted because
that we can hold you to that. We can hold you to Can you still
out? There, he doesn't.
Like the long term bull case. So like maybe this pulls us back
to like a larger discussion. If you think Bitcoin's going to
if you think Bitcoin's going to go to 150 K in the next quarter
because of a strategic reserve, you think the Trump coin's going
to create a lot of wealth on chain eventually that will
rotate like through the hyper near term.
Like we were talking about nuance.
Like should you hold your AI queen today or not?
That is a much different conversation than the whole
space is going to go up. And I don't know if chill guy is
ever going to make a new all time high.
I would actually bet against it, ever make an all time high.
So I don't think that bag is going to go up, but I think the
AI sector is going to stick around.
Then it probably does go higher over time, right?
I agree with that, Tyler. So let's put up, just pull this
up. That's all I need.
That's the only chart that really matters right now, right?
It's crypto total market cap. We're at 3 1/2 trillion dollars
this morning, right? That's where we are now.
Where do you guys think it goes? My take going into the cycle was
that we we're going to $10 trillion.
Damn, that's a big, big move from here, right?
Like from to go from three to 10.
Yeah, but on like the entire crypto market cap, like that's
crazy, crazy prices and a lot of stuff. 2.8 X here.
I mean, I have to say in the last 72 hours I've gone from
wanting to sell everything that I own to full porting the most
random ship back and forth multiple times.
So taking a step back, it kind of tells me we may be closer to
the top than I think people think we are.
But maybe that's in terms of like timing and not in terms of
price action. You know, like the most violent
price action which causes the blow off top tends to happen in
the last 10 to 20% of the rally. And there's an argument to say
maybe we're getting there with what we're about to see.
So I think there's a really good chance we're about to go a lot,
lot higher. But I think your game plan
should be to and my game plan should be to try and sell into
that rather than like buying that momentum or at least take
some profits. You know, like I've taken a lot
of profits, some this year, a lot last year.
And I'm kind of just like gambling with house money now.
But there are a lot of people out there who haven't taken
profits and who are up big and a lot of those people will end up
round tripping like that. That is didn't raise your hand
there for it. But a lot of a lot of people, a
lot of people will. And that's just how it is
because people find it hard to sell into blood as well.
So I think I think you may not just like have some profits in
the bag if you're up big right now.
And I think you're meant to have some decent skin in the game for
what's the next move higher. And I think you're going to sell
decent chunk into that and then whatever, like we'll see what
happens after that. But yeah, that's kind of that's
how I'm thinking about it. That's my game plan.
I'm liking this cup and handle here.
Tyler on the total 3 including VTC.
It's all. I mean, if we pull back
everything we've been like we are Larping if, if we're, if we
flip bearisher on everything that we've said.
I am not flipping shit. Like everything that we've said,
like we are on now the cusp of playing out at a macro level for
crypto, for for Bitcoin and the crypto majors, I think.
Let's figure it. Out rating Alton memes we have
the. Comments are asking about this
coupe tweet. Should we talk about that too?
Can we come back to it in a little bit just because we've
already went down to the Trump train, like for a little bit,
like the strategic reserve potentially happening?
Yeah. If that doesn't happen, perhaps
the rally is a little bit calmer.
If it does happen, I think we we grind up to 15250 is the cycle
peak. So that puts Bitcoin at 5
trillion. No, 6 trillion.
That's how you get to 10 is Bitcoin at 2:50.
And then you have eats soul and some new memes probably filling
in 100 billion or so. A few 100 billion, you have
BlackRock and the infinite financial advisor TWAP
continuing to come out. You have a pro crypto American
environment where more funds are just broadly invested in the
sector. I think that bull case is still
like like it's brighter than ever.
So like saying that that's all like 180 changed because the
Trump's launched a couple meme coins.
I I can't, I can't discount the entire bull case because of
that. Yeah, you know what I mean.
You and you see me talk in the chat, we talk everyday, but I,
I, I, there's not, I cannot, I'm not capable of being bearish.
I know what always says like being having gone through this
weekend, like the cycle of like all in to all out to all back
in. It's like, you know, like
there's you're like, Oh my God, like what's going on?
But I am, I'm incapable of feeling bearishness.
I think what we're seeing right now is the market's too
volatile. The majors, like a lot of people
like say, oh, Milan dropped a coin.
It's top. It wasn't millennia like Bitcoin
went sub 100K for a second yesterday from one O 8.
Like that was a big move down. So obviously naturally, like all
our coins nuke dude, like you know, all the meme coins And
then Solana now just shot back up to 275 this morning, now
sitting at 2:55, you know, kind of ranging between 2:52 sixty.
So naturally your memes are going to be up and down the most
like I've seen my far coin swings this morning are fucking
crazy like it's just it's just the name of the game, right?
I I truly strongly, strongly, strongly believe that this AI
trade, for example, I'll just cycling back to AI is going to
be back in a week. We just need to chill.
Meaning not us, meaning not the participants in crypto in
general. We just had Trump launch or
family right launch 2 meme coins where there's two different
teams. I don't care because it is two
different teams. I'm 99% sure right.
So it's like, and now today's inauguration, let's wait for
that. Let's see that what goes on.
We're all speculating, even internal, but what is he going
to announce? Is he going to be free?
We don't even know if it's going to free Ross for real today or
not. We don't even know if there's
going to be a Bitcoin strategic reserve.
Is that strategic reserve going to have XRP Ethan Soul?
Maybe, maybe not, maybe just ETH, maybe this, maybe that
right? Is he instead of doing that, is
he going to announce that there's they're not selling the
keep that man? He could also do an EO that
they're not selling the Bitcoin that they have remaining.
I believe that's what's going to happen.
My calls for today's like strategic reserve is going to be
later is that he keeps the Bitcoin and do they freeze Ross?
That's enough for me to remain bullish.
I mean, Ross, even this sounds like a little thing.
It's enough for me to remain bullish because that was a
promise he made and he's holding the promise.
So that means, oh surely he pulled the rest of the promises.
So we'll see. But I think it's like too soon
to call anything quits or down. I generally think you guys are
going to be back 2X in the next like 2 weeks.
Seriously. Like.
I think there's two pieces to what Tyler's talking about.
The first is like is that crypto has outperformed other risk
assets. Everything.
Crisco's outperformed everything and that is like Trump alpha.
That is basically saying like, yes, like Trump is clearly going
to be, is going to want asset prices to go up.
Like that's just his thing. He was obsessed with stock
market performance last term. He's already, you know, so, so
he's going to want risk assets, but he's somewhat limited by
inflation. He's somewhat limited by the 10
year bond as far as like as far as what the market thinks the
tenure is going to do. Like these are all things he's
going to that are going to have an impact on stocks because even
if he gets super loose and takes interest rates to zero, yeah,
tenure could go up 'cause people are like, holy shit, this can be
super inflationary. Like this is going to lead to an
inflationary bust that like making markets go up is a bit of
a tightrope. That said, there's a huge alpha
piece, which is that we have a pro crypto president who said he
has a price target for Bitcoin. He has this entire community by
a string. They do what he wants.
Like he could create a global round of people wanting to buy
Bitcoin because they feel like the US is like, these are all
like just very crypto specific, like alpha oriented things.
And I think there was a minute yesterday, maybe an hour, two
hours. When that Melania token was was
launched where people like this is not a serious person, like
this is not someone who is legit.
This is not someone who is serious.
This is someone who's literally just taking us for a ride.
And the world is going to start to see that.
And I think that was the sentiment for two hours and then
we completely forgot about it. But I think there was this and,
and, and because that sentiment is destructive to that alpha
piece that has led to crypto outperforming everything so
aggressively. Then three hours later, I was
like, wait, what the fuck are we talking about?
Like the most powerful man in the country in the world wants
crypto to go up. Like, who cares if this feels a
bit like a grift, like get on board, you know, and I but I
think there was, I think that was what happened yesterday.
There was just this two to three hours where like we, we were all
in on this token being something real.
And when he launched the Melania one, there was just like, wait,
none of this is real. This is all just trying to
monetize his audience. That's kind of bullshit.
And that's not what we're excited about.
That's not kind of what we signed up for at the Bitcoin
conference. When he came and said he was
going to make this ass. It wasn't like that.
He's going to launch two tokens over the course of two days that
make billions of dollars. That wasn't what we signed up
for and like there was just a hint of like fuck this isn't
what we wanted and then literally 3 hours later I even
forgot about it. But that that was kind of like
my read and how like the weekend went.
Yeah. I mean, I like this take that
you just sent Tyler. That's a ceremony starting.
I'm curious. And then obviously, we're going
to end soon. But Jake Chervinski saying today
marks the beginning of a dramatic shift in US crypto
policy. The goal is for good regulation
that lets 1000 flowers bloom. The approach of the last four
years was to kill the entire Meadow.
The risk now is that 1000 scams boom, the weeds choke out the
flowers. Tyler, you just said that.
What do you think of this? Yeah, I think he's he's spot on,
right. So like the the bull case is
that good regulation, a crypto friendly American crypto policy
brings in a crypto boom. And we have we have an influx of
builders, we have an influx of capital into the sector.
The risk is that everyone does the Mark Cuban take and says
crypto is full on scam and it just totally lost its legitimacy
and it's never going to get it back.
And like the yesterday that was like seemingly consensus like or
at least half of the time I was saying that take basically that
crypto is fully delegitimized. And my gut reaction to that is
if the president launching a meme coin delegitimizes Bitcoin,
Ethereum and Solana, then it was too fragile to begin with.
Yeah, that's it was out. There no.
But Tyler, it's first of all, I think you're right that this,
that it's not delegitimizing because the, but it can also
say, wait a second, this $30,000 rally we just got was maybe a
little bit overdone. Like that doesn't mean we're 0,
doesn't mean it's nothing. It just means like we got this
huge rally because we thought that there was some serious
something happening and, and this weekend felt very
unserious. So maybe like that's very
different from saying like this recent rally, maybe it's a
little fragile. It's very different from saying
the asset class is fragile. And I think those are two
separate statements. And again, I don't think that's
true, but I think sometimes we get a little sensationalized in
the way we talk about this stuff.
Like, no, it's just we've just had a massive rally.
Like maybe that was a little overdone again, which I both
posted this morning about Bitcoin.
I rarely both post like I'm bullish, but I think that
sentiment for a little while there, like especially because
people had the wind knocked out of them because they were so
long Trump and lost. You know, there were argonomo
people who got hit pretty hard financially and that kind of
starts to skew you in very strong ways too.
Yeah, I mean, let's see, what time is it?
Oh, go ahead, Tyler. No.
I was gonna say there's no nuance on right.
So like I agree with your very nuanced response.
Like I, I totally agree with that.
If we don't get the the the crypto friendly stuff we were
expecting today, I do think Bitcoin probably goes back to
like 9095 I think. What what time is the are people
expecting this stuff? When's it because I'm alive?
If you're watching us some video, this is a live stream
right now. Like this is literally happening
right now. Here's the Trump family.
Service tea at the White House, Swearing in ceremony.
Farewell to Biden, but so like that.
I think the inauguration in theory starts noon Eastern I
believe. So this is like a prequel?
Oh, that's three, OK. So this is like I think this is
the OR where are they? Are they?
Is this the Rotunda or is this the?
Capital, Washington. Capitol.
No, You see that Kim Cook that's sitting next to the Google guy?
What's his name? Fucking guy in front of Google.
My God. And then the key is after the
ceremony, they go basically straight to the the signing room
ceremony. Yeah.
So basically we we need to know and I haven't found a specific
time and when that is, my guess is it's probably in a couple
hours after this. And then we need the live stream
of what he's citing. And Bloomberg like basically
like released a lot of the alpha for the executive orders, but he
didn't share anything crypto wise.
So that's the other potential out here is if it like if it
leaks in the next couple hours of like potential bills because
Bloomberg has it or something again.
So there's a lot of a lot of volatility here in ranges of
outcomes. Zuckerberg in front row here.
You have Sergey Brin and Tim Cook sitting next to each other.
You have Jeff Bezos right there. There's the Zuck.
There's a lot of money in that room, man.
Holy shit. The new Zuck looks like Dave
Portnoy. Dude straight up, I want to know
what watch he's sporting right now.
This guy's like high T right now dude sort of guy.
He's like got a crazy watch collection and everything.
Look at this is Jet. OK, so they put Bezos next to
Zuck. Love that power move.
They put Bryn next to Tim Cook. It's kind of chat like a lie.
Founder of Apple and the fucking CEO of Apple.
That's sorry, CEO of Apple and next to founder of Google, it's
very fire. Zuck's been talking shit about
Tim Cook lately so. Yeah, they're, they're not too
far apart. So Tim Cook's like right there.
Like he's around there. You can't see what's like on the
right of, of what's his name? The Cantor guy.
That's the Cantor guy, right? Oh, Elon's there not too far
from, from, from Zuck. See, this room is crazy.
Restroom is stacking. Zuck and Elon are like back to
being boys. They're starting to, you know,
Elon Zuck gave Elon his flowers, rightfully so, by the way,
rightfully so. Bring community notes to the
platform right now. So that was good on single
Henley. Change the social media space as
well. There's pants.
OK, let's see what's walking in here.
This is like a whole thing, dude, that's crazy.
Imagine being there. It could be fun.
It's a pretty big event, Yeah. I'm just why?
Don't you look at the look man for for Oak the treat the chief
crypto interviewer. Out there, you know, I'm not a
governor yet. You know, they want, they want
to make sure that there's, I think it's Americans only right
now, you know, do you have? D Cred Media doesn't even get
the look. Come on.
God damn it, dude, fuck, damn. It should have been there.
Look at that. Look at because it's interesting
when they sit PC people look at Bernard Arno right there.
Oh, the president of closer President of Argentina, Bernard
and his son right there. There is.
Top five richest men on Earth are there.
Literally who's the richest man in the world?
Elon is there. Yeah.
Bernard or no? Top three.
Jeff Bezos, top three. So top 3 richest men on Earth
are there, Zuckerberg. There's the Clintons walking in.
Hillary's smiling. It's pretty rare, All right,
anyways, I'm just trying to look at which meme coins dropping
there next. I'm not going to lie.
So wow, this is this is going to be an interesting day, everyone.
It's going to be a historical day.
Let's see what the markets bring.
Right now the markets are kind of selling off a little bit on
the major side. So our memes are going to be
tied to our majors guys here. Just there's no other way, you
know, that's really it it. Went down to one O 3.
Damn. Yeah, come on, One O 48.
I see here one O 5. Man, it's all.
One O 5. News What?
What's your news source? Finance.
It just, it was just that one O 3.
But yeah, it's back up. I think the biggest order book
there isn't game. UN.
It did it did wait to one O 3. It looks like I'm violent, so I
mean. This is like my stomach isn't
nuts. I mean, this is they're going to
be, they're going to be, there's going to be a lot of crime in
the order books today that they're going to be let.
They're going to be wiping out perps all day long across every
order book. Yeah, this is just sit, sit
tight. Your stomach's in knots.
Like what are the four tickers that you're watching here?
This. Is why his stomach is in knots
in mine. Actually, I'm actually I feel
comfortable in my far coin position.
I don't. I don't really touch it because
I do think the ceiling is still much higher.
And if I didn't? Sell it.
Last time I bought Bitcoin I bought Seoul my my largest
Bitcoin purchase in years and 20X long each 20.
X long each is crazy. 20X will do it to you 20.
That's not it. That's not what's given me in my
stomach and knots. My stomach and knots is the
uncertainty around like, hey, are we going to get two more
Trump coins today? Obama walked in, checked where's
he wanted that solo? There's nothing about how Trump
can't launch can't. You're not allowed to monetize
your presidency. So I know it's not his Trump
coins, but like. So he did it a day before,
before the Yeah, we all read that thread.
I'm. Super Baron can launch one.
That's the thing. Does he even have a Twitter
though? Like is he on Twitter?
He's not right. So what what social media
channels does does that come come out from if he launches 1?
I don't I don't believe that. I don't think there are two
coins coming today. I think that's it my opinion,
but I'm just guessing that that's what that would that.
Would be my guess. He goes right next to.
Obama. Bush Oh, but you because they
see people like you know, it's it's all Obama didn't even get a
plus one that's crazy he. Did No, Michelle just said she's
not coming. Yeah.
That's kind of, yeah. She didn't go to the funeral for
Jimmy Cardigan. I'm assuming that's that's the
Supreme Court or I don't know. You guys are my Americans in
here. Yeah.
What's the music playing up? Not bad.
Interesting. I like that.
Yeah. Imagine being in that room.
So on the left side you have all the tech folks, right it seems
right side and the DOG. All those folks on the right
side is ex presidents. You have 3 ex presidents in in
attendance here, Clinton, Obama and Bush.
This is any crypto folks at that.
Is it just I think Keith and Ivan are there.
Is that it Moon pay folks? What do we have some of the
crypto ball folks out there? Did Garlin House get the he
gets? She's rich Nick out there.
Yo, what about that crypto ball that looks pretty fun?
I'm not going to. Lie.
I didn't I I skipped over that that the Trump coin launched
during the the crypto ball. How funny is that?
And they were all sidelined. They're all sidelined and also
like there was 0 mention of it. So like that was a part of the
flood too. It's like, oh, why wouldn't they
talk about the crypto ball? Well, of course you're not going
to talk about like the name coin at the crypto ball, but anyone
there totally missed the the trade.
Who's this? I kind of like the fit.
Who is this? I like the fit do.
You guys think, who here thinks we're going to get a reserve
Part 2 part question? Are we going to get a strategic
reserve announcement today or are we going to get one this
year? I think this year I think no.
Today I think within 100 days, yes, I'll take the Poly market,
yes. What do you say?
Yeah, I agree. With market lines at 100 days.
Yeah, how can you, you can't like do it that you may announce
like an EO for it or like intentions, but you can't just
like well, I'm. Telling him if he signs an if
there's a if. There's a yeah that could.
Happen Kamala's husband walking in.
So here, here's some of these Poly market lines that people
aren't rooting. Let's let's run through.
That Let's run through that. Let's go through the lines.
To resolve yes, it's if the government holds any amount of
Bitcoin in its reserves at any point between January 1st and
December 31st 2025 S the. Size of Baron bro.
They can, they can sign the order, but if they have not
executed any purchases, then it's still no.
So that is important nuance, right?
Because I think our I, I think Bitcoin price pumps on the news.
It doesn't matter on the execution for the near term.
So if it's signed in the 100 days, but they haven't bought
any Bitcoin yet, which I mean, I don't it's probably going to
take some time to spin up the operation to do that, right?
Like I don't know that I would bet that they actually have
bought Bitcoin next 100 days, but I would bet that they have
signed the order the next. 1 that's so funny YouTube just
rubbed our stream but we're live on X so just move guys we're on
X spaces X spaces X live stream. We're still live so just fuck
YouTube. They may have rubbed us because
of the stream, but X wouldn't would never do that to us.
Look at. The Baron coins going to do
very. Well, this is the face of a kid
that just made like a billion dollars.
Oh God, look at that. We're live on X everyone.
We're live. We've all posted.
Ovi posted. I posted my little post.
Everyone posted the stream Tyler meet like we're all you guys can
catch us live on. We're still streaming live
video, right Sims? Correct me if I'm wrong, but I
believe we're still streaming live video Yeah, just YouTube
pulling it for some reason. YouTube rock.
Fuck YouTube. All my homies hate YouTube.
That's crazy. They rocked us, dude.
I like Baron is just smirking. He's just literally standing
there smirking. Is is hilarious.
He's. A big boy, huh?
He's way bigger than everyone, even Elon.
Elon, man. Like, oh, look at RF yo, they
love RFK out there. Hon.
Did you guys watch the victory thing yesterday when he
announced RFK? People were cheering.
Oh. I didn't see.
That that there was a victory thingy then he brought to the
village people on stage. That was 69. 69. 696965. 650 I.
Didn't realize that's all OK. Trump's yeah, I have to say I
looked really little lips to Trump.
I'm not going to lie. I was like, look a little Midget
next to him. I think the team made me look
really good on the photos. What's going on here?
I'm liking the stream here. I I I don't have let me see.
Let me calendar real quick. I'm still good.
OK? Perfect.
I'm still good for 40 minutes.
YouTube. Hated the stream, bro.
The YouTube. Yeah, the Don Junior.
Eric's there. Eric's pretty tall too.
I'm not gonna lie. OK, I'm gonna see.
Coins selling off a little bit, 4850I.
Mean the whole market right far. Coins at 172.
Fuck, I think the coupe. I think the coupe tweet price
book some folks in the selling. I mean, it is true they acquired
all these people are telling the gentlemen, oh, hold on, Doctor
Biden and Mr. Emaha, the. Republican staff director.
Of the joint. Oh no, yeah, That was Trump.
It's true that they acquired these ENS's.
What it means, I don't know, but it's true.
Like these ENS's were acquired Gary?
Myrick, I will be shaken if they launched 2 new coins today.
I'll just be honest, it's very. Hard for me.
Tyler. Tyler, what do you think
happens? Because yeah.
I think you have to sell the trump token in it for the near
term because everyone else is going to sell it.
Even I I still think the Trump token is the alpha dog and even
if there's like 20 Trump payment tokens in in a month or two I
could see a scenario where they rotate back to the the alpha
dog. But like everyone is is on CT is
going to lose their minds. And the problem is there is a
key difference between how retail and CT feels.
I think retail doesn't get doesn't give a shit that Melania
has a token. They want the Trump token.
Problem is it's the LA Vape cabal who's up $10 million on
the Trump token. It's the CT natives who control
the money, right? Now the Melania token is not
selling off, dude, What's going on?
Well, it's. Like it doesn't even matter what
you think retail is going to do. It matters what you think the
people who are up, you know, massive unrealized P&L are going
to do I. Think so?
You think people will dump Trump token to buy Eric?
Baron Baron's the new is the is the new Trump beta.
It'll flip Melania and Eric for sure if they.
This melanic 1 is the only one that's knocked out right now,
everything else getting decimated.
The ultimate like the ultimate fuck you is like whoever
whichever cabals are like running the shit they just pump
Melania to be like the main coin while everyone is like sidelined
from selling it like. Hey, listen, I I don't want to
pull up the, all the photos on the stream, but you know,
imagine, imagine fading Melania, dude.
Fro clock's the more the more you're.
Going to say this, you know, dude, thing is she's looking at
you saying put the fries in the bag.
You know what I mean? Come on, man.
What a Chad, dude, what a Chad. Think Trump's about to walk in.
Wait, Biden and and Kamala didn't walk in yet, but their
their spouses did walk out together.
I'm assuming we're going to get Biden and and Kamala walk out
first and then we're going to get it starts.
In 5 minutes I guess. You know, if you're on, if
you're on spaces, feel free to come on the video.
Will Trump mention MYR? I don't know, man.
It's good line. I don't know.
Trump going to mention Myriad markets.
I wouldn't take an over on that. Oh my God, definitely go put on
your your, your things, your your predictions.
One O 4/8. Brother, the fact that bitcoins
105K will go into this is really good.
Like it's above 100K it's good. You know people are calling TOP
exactly 7 days ago boys. Last Monday was literally the
day everyone called TOP. And yesterday, seven days ago,
then yesterday. Well, yesterday, don't blame
people for being, you know, oh shit, Oh no, Oh shit.
I don't blame people. They get obviously not top line,
but I don't blame people for feeling really shitty.
Tucker Carlson front frontline here because there's Jill and
forget his name, Doug. He does look like a Doug.
He really does look like a Doug, doesn't he?
I'm just I just want executive orders already.
I'm talking over. This while we wait broke.
I mean. A dollar off all time, huh I'll.
Admit. I was euphoric at 270 last.
Night. Yeah, I was.
I was really euphoric too. A.
Dollar 70 now. Yeah, our memes are fucking.
Let's go look at AI a bit. I'm a bit more bullish than
Tyler if I'm not launching the Bitcoin Reserve because I think
as long as there's hope that it's coming soon, like.
That's the thing too, right? Is what drives prices.
Not even doing shit doesn't drive prices.
It's anticipation as long as it's not like ruled out.
I agree with you, I. Yeah.
Let's see where the Murat coins are at because that's a good
index of like meme coins. SPS 142 Bill Bro.
Walk me, walk. And they're actually all right,
right? I mean gigas.
I mean. He has 800 giga and in specs are
up on the day no giga. USA was the wildest swingers.
USA went to like 2. We forgot to talk about that
today. The USA coin it went to 270 with
the 300 mil. Painful one for me because I I
packed my bags at like 20 million but I just like I
couldn't hold it. Did they rock the did they rock
the stream? Hold on, let me see.
No, I don't think it's OK. Still.
I'm sorry. Let me put it back.
Oh, is he walking right now? Let's see.
We still don't have Joe Biden walking, so it can't be Trump
right now. Oh, man.
Dude, obviously. Imagine being nice and suited up
in that room right now. It could be fun.
No 03 piece. I've got a bounce I've.
Got a? Yeah, have a good one.
See you.